Investments
Budget 2024: Malaysia federal govt plans to adopt EVs as official vehicles
The government will also strengthen the venture capital environment through the centralization of venture capital agencies such as Penjana Kapital and MAVCAP under the sovereign wealth fund Khazanah Nasional Berhad.
Thailand expects Tesla, Google, Microsoft to invest $5B — report
"Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centers," Thailand's Prime Minister Srettha Thavisin said.
ARISE & Centauri announce the launch of its successor VC Platform, Ascent Venture Group, raising $200M corpus
Ascent is the largest ecosystem-linked venture platform in the region with four partners, 10 investment professionals, and a supporting operational team across Jakarta, Singapore, Seoul offices and access to multi billion dollar ecosystems across broader Southeast Asia.
IFC doubles investments in Pakistan to $1.5B
IFC's projects in Pakistan aim to provide much needed jobs, increase productivity in the private sector, enhance gender inclusion, and address the impacts of climate change.
Backed by three unicorns, Indonesia’s InsurTech firm PasarPolis gears up to disrupt insurance industry
In the interview, Van Zyl also shared PasarPolis’ short-term and long-term plans, the company’s strategy and the challenges it faced. He also shared his views on the overall insurance industry in Indonesia and Southeast Asia.
Cradle Fund & Bursa Malaysia collaborate to facilitate listing of local startups on Malaysia stock exchange
This collaboration is an integral part of the Ministry Science, Technology and Innovation’s (MOSTI) Fund Funnel program, an initiative designed to streamline funding options and offer comprehensive support to startups throughout their funding journey, from the seed stage to the initial public offering (IPO), according to a statement released by the…
Indonesia’s legal tech startup Hukumku raises funding led by East Ventures
The funding will be allocated to accelerate its product development and marketing efforts as the platform will be launched in November 2023.
Gobi Partners invests in Malaysia’s e-waste recycling firm ERTH
ERTH not only facilitates responsible e-waste disposal but also rewards contributors with cash incentives or vouchers.
Indonesia’s manufacturing platform Manuva raises $8M from Tin Men Capital & others
Tin Men Capital, a Singapore-based venture capital firm which focuses on Southeast Asian B2B tech startups has invested $3 million in the total $8 million financing raised by Manuva.
Norway sovereign fund closes Shanghai’s office, Singapore office to serve as regional hub
The sovereign fund said its investments in China remain unchanged and the decision is driven by operational considerations and does not affect the fund’s investment strategy or its investments in China.
